Southland Q2 FY26 net loss more than doubled to $84.3 million; revenue drops 47.4% to $113.3 million
SLND•Q2 results
Southland Holdings posted Q2 revenue of $113.3 million, down 47.4% from the year-earlier quarter.
Net loss attributable to stockholders widened to $84.3 million, or $(1.55) per share, from $(0.19) per share.
Gross loss deepened to $71.2 million, swinging from gross profit a year earlier; gross margin fell 68.9 percentage points to (62.9)%.
EBITDA turned to a loss of $73.4 million from $4.2 million.
Management commentary and backlog
Management cited unfavorable non-cash legacy-dispute adjustments, while pursuing financing and credit amendments; backlog stood at $1.68 billion.
